Michael Bernard Appointed Chairman of SVREL

Kingston. Jamaica (McKoy’s News) – Michael Bernard Appointed Chairman: Businessman, Michael Bernard has been appointed Chairman of Supreme Ventures Racing & Entertainment Limited (SVREL).

Bernard is a retired Managing Director of Carreras Limited with more than 25 years of executive management experience. During his tenure as the Chief Executive at Carreras, he successfully led the company to deliver commendable and continuous growth in shareholder returns, which earned the company awards for being the best performing company listed on the Jamaica Stock Exchange, including “Best Performing Company for 2010”.

He currently serves as Chairman of the Board of Management of Jamaica College and Executive Chairman of Peak Bottling Company Limited, in which he is the majority shareholder. He also serves on the Board of Directors of Carreras Limited, where he heads its Audit Committee. He is also a Director of GraceKennedy Insurance Company Ltd, Salada Foods Jamaica Limited, Sterling Investment Limited, Hardware and Lumber Limited, New Transport Group Limited. He is Chairman of Spike Industries Limited.

Supreme Ventures acquired SVREL in March of this year, after a lengthy divestment process. Infrastructural and other work has begun at Caymanas, with other gains being made, particularly in the area of purses, which have been increased and are now being paid on time. SVREL most recently saw the most successful Superstakes and Diamond Mile Race Days in the history of horse racing in Jamaica.

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